ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/digital-payments” target=”_blank”>Digital payments major ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” target=”_blank” href=”https://economictimes.indiatimes.com/tech/phonepe”>PhonePe on Thursday trimmed its holding by selling a 5 per cent stake in rel=”dofollow” href=”https://economictimes.indiatimes.com/ce-info-systems-ltd/stocks/companyid-2020538.cms” data-ga-onclick=”Inarticle articleshow link click#Tech#href” target=”_blank”>CE Info Systems, the parent company of ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” target=”_blank” href=”https://economictimes.indiatimes.com/ce-info-systems-ltd/stocks/companyid-2020538.cms”>MapmyIndia, for Rs 486 crore through an ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/open-market-transaction” target=”_blank”>open market transaction.
PhonePe is an arm of Walmart-controlled online retailer Flipkart.
Following the stake sale, shares of CE Info Systems plunged 9.39 per cent to settle at Rs 1,768.75 apiece on the ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” target=”_blank” href=”https://economictimes.indiatimes.com/marketstats/pid-41,exchange-bse,sortby-value,sortorder-desc.cms”>BSE.
According to the bulk deal data available on the BSE, PhonePe Ltd offloaded 27.21 lakh shares, amounting to a 5 per cent stake in CE Info Systems.
The shares were sold at an…
